DuPont Co., of Wilmington, awarded chairman and chief executive officer Ellen J. Kullman a package of short- and long-term incentives that could total $13.2 million in cash and stock, according to a company filing Friday with the Securities and Exchange Commission.
The figure reflects a 2012 incentive payment of $1.9 million, and future performance-based incentives. The company also gave Kullman a 3 percent salary increase, to $1.44 million annually, effective March 1, the filing said.
On Tuesday DuPont posted a fourth-quarter profit of $111 million - down from $373 million a year earlier - on sales of $7.33 billion. For 2013, the company expects to earn $3.85 to $4.05 per share on $36 billion in sales. - Reid Kanaley